---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-277096"
form_type: "8-K"
ticker: null
cik: "0001794621"
company_name: "Quanergy Systems, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:55:13.583357+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Court confirms Chapter 11 plan; equity canceled, unsecured claims recover 8.5–10.3%

## Summary
- Bankruptcy Court confirmed First Amended Chapter 11 Plan on Nov 8, 2023.
- All common stock and equity interests to be cancelled and extinguished on the effective date.
- General unsecured claims (est. $12.6M–$13.8M) projected to recover 8.5%–10.3%.
- GUC Settlement Claims ($10M) recover 0%; Subordinated and Interests receive nothing.
- Effective Date will occur once all conditions precedent to the Plan are satisfied.

## SEC filing metadata
- accession: 0001193125-23-277096
- form_type: 8-K
- cik: 0001794621
- company_name: Quanergy Systems, Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1794621/000119312523277096/0001193125-23-277096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1794621/000119312523277096/d349496d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-277096
- JSON: https://secwatch.observer/filing/0001193125-23-277096.json
- Plain text: https://secwatch.observer/filing/0001193125-23-277096.txt

## Key facts
- Distress & Bankruptcy
  Quanergy Systems, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2022-12-13).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2022-12-13
  source text: On December 13, 2022, Quanergy Systems, Inc. (the "Company") filed a voluntary petition (Case No. 22-11305) for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794621/000119312523277096/0001193125-23-277096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.